The Opposition Congress in Kerala will prepare a 'white paper' on the financial status of the state.

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A seven-member committee headed by VD Satheeshan MLA has been constituted by Opposition Leader Ramesh Chennithala, the United Democratic Front (UDF) Parliamentary party secretary Thiruvanchoor Radhakrishnan said in a release.

"The treasury is empty and the state is facing the biggest financial crisis. Not only the development activities have halted, but it is becoming difficult to find funds for day-to-day activities.

The state government is hiding these facts deliberately and reducing the funds for the projects," the release said.

It also claimed administration of local bodies has been halted due to the state government's apathy and lack of financial management.

Apart from Satheeshan, the committee comprises MLAs K S Sabarinathan, KNA Khader, M Ummer, Monce Joseph, Jayaraj and Anoop Jacob.